Nexon Revises First Quarter 2013 Business Outlook

  Nexon Revises First Quarter 2013 Business Outlook

Business Wire

TOKYO -- May 9, 2013

NEXON Co., Ltd. (“Nexon”) today revised its business outlook for the three
months ended March 31, 2013, previously disclosed on February 13, 2013. As
announced on April 22, 2013, Nexon has implemented International Financial
Reporting Standards (IFRS) for its consolidated financial statements,
beginning with the first quarter ended March 31, 2013. The following revision
is prepared in accordance with IFRS.

   Revision to consolidated results forecast for the three months ended March
1. 31, 2013
   (January 1 through March 31, 2013)
   

(Units: millions of yen, %)
                                                                    Basic
                                   Income            Net Income     Earnings
           Revenue  Operating  Before  Net     Attributable  per Share
                       Income      Income   Income   to Owners of   from
                                   Tax               the Parent     Continuing
                                                                    Operations
Initial      35,965    12,330               7,840                   18.00
forecast    -        -          -       -       -             -
(J-GAAP)     38,519    14,378               9,318                   21.39
(A)
Initial      35,975    13,514      13,298   9,234    9,140          20.98
forecast    -        -          -       -       -             -
(IFRS) (B)   38,529    15,562      15,348   10,719   10,618         24.38
Difference                                  1,394
(B-A)       10       1,184      -       -       -             
                                            1,401
Percentage             9.6%                 17.7%
change (%)  0.0%     -          -       -       -             
                       8.2%                 15.0%
Revised
forecast    44,000   20,000     22,000  15,000  15,000        35.00
(IFRS) (C)
Difference   8,025     6,486       8,702    5,766    5,860
(C-B)       -        -          -       -       -             
             5,471     4,438       6,652    4,281    4,382
Percentage   22.3%     48.0%       65.4%    62.4%    64.1%
change (%)  -        -          -       -       -             
             14.2%     28.5%       43.3%    39.9%    41.3%

   Reason for revision
   The revised guidance reflects better than expected performance during the
2. first quarter from existing titles in China and Korea, a favorable currency
   environment and the adoption of International Financial Reporting Standards
   (IFRS).

Note: Please be aware that the forecast above is based on information
available at the present time. The actual performance may differ significantly
depending on various factors in the future.

About NEXON Co., Ltd. http://company.nexon.co.jp/

NEXON Co., Ltd. (“Nexon”) (3659.TO) is a worldwide leader in free-to-play
online games. Founded in Korea in 1994, Nexon developed one of the world's
first graphics-based massively multiplayer online games. Nexon also pioneered
the concept of microtransactions and the free-to-play business model, setting
a new standard in which play is free, and users have the option to purchase
in-game items to enhance their experience. Nexon currently services nearly 60
online games in more than 100 countries and since its founding, Nexon has
generated more than 1.4 billion player registrations. The Company is
headquartered in Tokyo, Japan and its shares are listed on the Tokyo Stock
Exchange.

Contact:

NEXON Co., Ltd.
Seungwoo Choi, President and Representative Director
Owen Mahoney, Director, Chief Financial Officer and Chief Administrative
Officer
03-3523-7910
 
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